We have taken the vehicle loan from Sundaram Finance Limited.
The TDS to be deposited was Rs 141034 for 9 months (April to December 2013.
We have deposited through online payment Rs 141034 under TDS head and Under the interest head we have deposited Rs 7715 total payment Rs 148749.
Thereafter we come to know that we will give credit and make the payment in January so there is liability of interest on TDS for only one month. Can we adjust this interest of 7715 with TDS liability of january month ? meaning thereby can we write the challn no of 7715 interest amount challan for the part amount to be deducted in january 2014. we have deposited TDS on 31-1-2014.
CAclubindia
